Nov. 23, 2012, 9:28 AMItaly's Fiat has won over the board of its U.S. tractor and construction machinery unit CNH Global (CNH) with an improved $1.5B bid that would create the world's third-largest capital goods group by sales. The new offer, which adds a ~$300M cash dividend to a previous all-share bid, would allow Fiat to buy the 12% of CNH it doesn't already own. CNH +4.5% premarket. | Comment!
May 30, 2012, 4:49 AMFiat Industrial (FNDSF.PK) plans to merge with CNH Global (CNH), in which it owns 88%, and transfer the new company's primary listing to New York. Fiat would carry out the move via a share swap that wouldn't involve any cash. The merger should help improve the two companies' access to capital markets and lower borrowing costs. | Comment!
Other News & PR